This year's award in the small newspaper category went to Craig Troianello (left) of The Yakima Herald Republic. He is congratulated by presenter Bruce G. Willison (right), Dean of UCLA Anderson School of Management.

Steve Lohr (left) and Andrew Ross Sorkin (right) from The New York Times accept their Loeb award in the deadline writing category on behalf of their co-authors David Barboza, Gary Rivlin and John Markoff (all not pictured).

For a business journalist, the Loebs are as big as the Pulitzers. There is no greater honor, you’re competing against the most elite of your peers, but don’t discount yourself if you are not from New York or Washington. Anybody can win this award as we proved.